All Forum Posts by: David Esslinger

Investment Info:

Single-family residence note investment investment.

Purchase price: $184,000
Cash invested: $5,000

Our first investment property! We bought this close to TJC and it rented out at 1800/mo 10% prop mngnt fees. It was scary and exciting. Took us wks to clean up yard and do some minor repairs inside. Rented out the second month that hit market.

What made you interested in investing in this type of deal?

I've always wanted to do rentals,but so many people would often say it's a bad idea, I talked to a guy that had several and said it's the best thing ever. So I ignored the negatively and proceeded with my dream

How did you find this deal and how did you negotiate it?

Realtor friend

How did you finance this deal?

Mortgage dept at local bank ANB-MP

How did you add value to the deal?

1% rule.

What was the outcome?

Making 400 a month after all loans and fees paid for by tenant.

Lessons learned? Challenges?

Keep learning and keep challenging yourself.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

German "Alex" Mota, from longview Tx

Hello BP community, I am just starting out in my second year of investment property. I have one rental, and working on one flip. I am looking into buying two properties this year, but don't know weather a town home or a single family home is better. Thoughts please

Thank you

I'm being blunt here and I want what people would do and why they would do it. I'm new to the community and have one rental, and working g on one flip. I'm about to sell my 15 year long business which I will come out with 1,000,000 take home. I'm very interested in rentals and flips and brrrr's. Please give me what and why and how's. Thank you bigger pocket community

I am selling g by busi ess I've had for 15 years. I will ne sitting on a nice nest, but I want to invest in rentals and some flips.

I have o e rental and o e flip. The flip is almost done hoping to make 50k.

If you had 1,00,0000 how would you invest it with properties. I'm just starting out. I'm in year 2 of realestate. Any feedback would be great.

I'm north east texas location.

I have a house 3/3 I've got about 50k into it original plan was to brrrr.

It sits on 5 acres has a small pond. I'm skeptical about renting it only because I don't want "users" to be attracted to the privacy.

So I'm thinking I should flip.

Paid 140k have 50k in

Wanna sell for 250k

Advice

@Kyle Nigro people that say I'm gonna get an attorney involved never do, and if he said it so casual this isn't his first time screwing someone.

Bought a house on 3.77 acres. Putting about 15k in it. Should I flip it and make instant money or brrrr it and wait it out. Second rent house of 2022. New to this gig.

How much do you charge for a deposit?

Do you have a prop management

Renters insurance. Etc

Which banks have the best investment interest rates and how long are they fixed. I can only get a 6 % for 15 fixed so far.

I'm planning on buying two new houses in a small growing community. I'm new in rental investments. The seller said I need to buy now, because the value of these homes are about to sky rocket. Am I making a good decision by going through